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Search Results 0 to 18 of about 19 (some duplicates have been removed)
benedict announces that he will resign at the end of this month. >> you are joking. the pope? oh, my god. >> who will lead the catholic church next and what continent will he come from? we wait for the white smoke to rebuild the succession. with the economy at the forefront, what should we be listening for? we asked one of the top leaders. welcome to our viewers on public television in america and around the globe. joseph is 85 years old and his health is failing. in any other profession, at his resignation would come at no surprise at all. it's as the leader of the catholic church, it is no surprise at all. pope benedict xvi announced that he will resign at the end of february. he is the first pope to do so in 600 years. >> it was during a routine meeting with vatican card bills that pope benedict did something that no pontiff had done in nearly 600 years. he announced his resignation and stunned his audience. he said that i have come to the certainty that my strengths, in due to an advanced age, are no longer suited to an adequate execution of saint peter's ministry. pope benedict said
businesses and major corporations. what can we do for you? >> his body is frail. pope benedict celebrates ash wednesday mass. today the rubble in syria reveals surprises. president obama goes out on the road. how much can he achieve? welcome to our viewers. pope benedict issued a stern warning. at ash wednesday, the pontiff was interrupted repeatedly by applause. and it will step down at the end of february. >> on ash wednesday catholics remember the body is mortal. this is the last mass he will celebrate as pope. they had to remove the service from a much smaller church in rome. a measure of how deeply this has moved to the faithful. whatever he says will carry enormous symbolic significance. it will be a kind of legacy statement. will this influence retire with him? he will live inside this former monastery. is there a danger his presence will undermine the credibility or legitimacy of his successor? will there be two popes in the vatican. this morning crowds gathered for the usual wednesday audience, among them a party of schoolchildren. >> it is quite an honor, especially since one of the
have new details on his help. any speculation reduce speculation of pope benedict's success. >> following a strategic review. they hope to cut 4000 jobs. almost half will come out of the investment bank. >> bob diamond was blamed for changing from a top banking to high risk investment banking. they were outraged by the size of bonuses and the illegal fixing of the libor rates. the new went on how they want to change for barclays. >> i think we were into short- term focus. on occasion we were too self- serving. what we're talking about is building a better barclays that learned from those experiences that will deliver the whole of our stakeholders. >> he is not only want to improve the bank's image with the public, he wants to woo investors as well. the bank made a $360 million loss last year. he is cutting $2.5 billion from barkley's annual costs. 1900 jobs will go with the european retail and business banking sector. 1800 in corporate banking. >> the investment bank's deliver 4.1 billion of this profit. they are losing money on the retail side. the investment bank will reta
of it across the atlantic? today, it was revealed that pope benedict will retain his honorific title of his holiness nd be known as pope emeritus after he advocates. -- abdicates. when global events this really is, the resignation of a pope. it has not happened for 600 years. the whole place is swarming with foreign tv crews. theally, the audience of pope is a relatively low-key affair. but interest in attending wednesday's event was so great that they had to move it. there are thousands of shares already laid out. 35,000 people have already booked tickets to attend. and that number is expected to grow. intense interest not only around the world, but here in rome as well. because the pope is also the bishops in rome. i'm standing at the moment on the territory of the italian republic. this ground is italy. on the other side of this fence, it is the independent state of the vatican city. we are not allowed to take our cameras. you get a sense of the separations that are already under way. the following day will be his last day in office. he will have a private meeting with the cardinals that
to build up its case. >> andrew harding reporting from pretoria. in other news, pope benedict has indicated he will retreat entirely from public life when he retires at the end of this month. he told parish priests he would remain closed to all of them, but be hidden from the world. investigation into the death of a teenage boy shot dead marking the second anniversary of a failed uprising in bahrain. and a famous owner for a famous brand. heinz, the maker of ketchup and debate beans, has been sold by the business consortium that includes a billionaire warren buffet. the deal is believed to be the largest in the food industry. u.s. airways and american airlines have announced they are joining forces. the merger creates the world's biggest airline in terms of miles flown by passengers around the world. we have this from new york. >> the courtship is over and now they are making it permanent. u.s. airways announced its merger with american airlines. [applause] it was the closest thing to a marriage ceremony. the u.s. airways to executive counted the benefits of this union. >> these are two hig
conclave to elect the successor to pope benedict, but will now not be going to rome. our religious correspondent has the details. >> for a decade and more, he has been one of scotland's biggest personalities and strongest voices. then came allegations that cardinal o'brien behaved inappropriately towards four priests in his care during the 1980's. suddenly, he is out of office. today, cardinal o'brien stayed behind closed doors. in a statement, he acknowledged his poor health, but made no attempt to rebut the allegations against him. instead he said, for any good i have been able to do, i thank god. for any failures, i apologize to him all whom i have asked to all whom i have -- i apologize to all whom i have offended. a few days ago, he was the catholic church's elder statesmen, due to fly to rome to help choose the new pope -- statesman, due to fly to rome to help choose the new pope. >> the holy father excepted on february 18, the resignation .rom the cardinal >> the first minister said he had heard the news of cardinal o'brien's resignation with great sadness. >> allegations ha
Search Results 0 to 18 of about 19 (some duplicates have been removed)

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